HUNTER_GEE_HOLROYD_LIMITE - Accounts

HUNTER GEE HOLROYD LIMITED - Company Information

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HUNTER GEE HOLROYD LIMITED

ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2014

COMPANY REGISTRATION NO. 02218208 (England and Wales)

HUNTER GEE HOLROYD LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

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2014

2013

Notes

Fixed assets

Intangible assets

840,000

945,000

Tangible assets

30,735

44,743

870,735

989,743

Current assets

Stocks

153,813

135,050

Debtors

216,106

238,673

Cash at bank and in hand

35,410

1,438

405,329

375,161

Creditors: amounts falling due within one year

(330,568)

(319,607)

Net current assets

74,761

55,554

Total assets less current liabilities

945,496

1,045,297

Creditors: amounts falling due after more than one year

(848,281)

(983,029)

Provisions for liabilities

(4,850)

(7,376)

92,365

54,892

Capital and reserves

Called up share capital

300

Profit and loss account

92,065

54,592

Shareholders' funds

92,365

54,892

HUNTER GEE HOLROYD LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2014

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For the financial year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 17 December 2014

Mr N Everard

Director

Company Registration No. 02218208

HUNTER GEE HOLROYD LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

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Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for services net of VAT and trade discounts. Attributable turnover is also recognised on unbilled client assignments, if the final outcome can be assessed with reasonable certainty as contract activity progresses and the right to consideration is earned. It is calculated by considering the amounts that can reasonably be expected to be recoverable from clients based upon time spent and expenses incurred.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

25% reducing balance and 1/3rd straight line

Bicycle

3 years straight line

1.6

Leasing and hire purchase commitments

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.7

Pensions

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

1.8

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

HUNTER GEE HOLROYD LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2014

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Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 April 2013

1,260,000

98,248

1,358,248

Additions

6,558

Disposals

(600)

At 31 March 2014

1,260,000

104,206

1,364,206

Depreciation

At 1 April 2013

315,000

53,504

368,504

Charge for the year

105,000

19,967

124,967

At 31 March 2014

420,000

73,471

493,471

Net book value

At 31 March 2014

840,000

30,735

870,735

At 31 March 2013

945,000

44,743

989,743

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £25,191 (2013 - £23,111).

Creditors: amounts falling due after more than one year

Total amounts repayable by instalments which are due in more than five years

(411,221)

(566,733)

The aggregate amount of creditors for which security has been given amounted to £129,087 (2013 - £154,895).

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary A Shares of £1 each

100

100 Ordinary B Shares of £1 each

100

100 Ordinary C Shares of £1 each

100

300

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